UK urged by IMF to bring forward high value spending

LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...

Overall economy likely to pick up in Q2 says German central bank

FRANKFURT - Germany's central bank Deutsche Bundesbank expects the country's economy to improve "markedly" in the second quarter relying on signals of pick up in industrial orders and likelihood of weather related downturn in construction sector no longer impacting investment sentiments a development that could boost the wider eurozone as it struggles to get out of recession. "Overall ...

Housing market picking up in UK

LONDON - The UK housing market seems to be picking up with gross mortgage lending up 4.3 per cent in April over previous month to 12.1 billion pounds, the highest in over four years, according to the Council of Mortgage Lenders (CML). The mortgage lending was 21% higher than April 2012, but this data is skewed by the end of the stamp duty concession on 24 March, 2012. Under the stamp duty ...

Man is shot in the legs in west Belfast

He was hit in both legs and both ankles. The attack happened at Creeslough Gardens in the Lenadoon area at about 11pm on Tuesday.Detectives at Grosvenor Road have appealed for anyone with information to come ...

Donegal Township supervisors vote down county transportation funding ordinance

At its recent public meeting, Donegal Township's board of supervisors voted down a resolution requested for adoption by Westmoreland County's board of commissioners in support of the commissioners' pursuit of increased transportation ...